U.K. Tax Management: What Is Due To Caesar Is Rendered Unto Caesar

Tax management benefits are peace of mind for the entrepreneurs,
knowing that their tax affairs are managed, filed timely and financial provisions are made to ensure that what is due to Caesar is rendered unto Caesar.

In short, every business, whether incorporated or not, must take appropriate steps to ensure that its affairs and accounting records are structured in a manner that will enable it to comply with its statutory tax reporting obligations. A company must file a tax return within 12 months after the end of its accounting period in the UK. However, if it has a liability to pay tax, that liability must be paid within 9 months and 1 day after the end of its accounting period. Thus, careful tax management is essential.

What is the objective of tax management?

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